Gov’t eyes more global bonds to prefund 2010

BY DENNIS GADIL

The government is likely to sell more dollar-denominated debt papers before the year closes to pre-fund spending requirements for 2010 and take advantage of better overseas market conditions...(more)

ALI to bid for FTI complex

BY DENNIS GADIL

Property developer Ayala Land Inc. (ALI) yesterday said it will bid for the sprawling Food Terminal Inc. (FTI) Complex in Taguig City but not before completing its evaluation of the potential of the property...(more)

P5B in missed taxes or real estate boost?

BY DENNIS GADIL

To Finance Secretary Gary Teves, P5.16 billion in taxes is such a huge amount he would rather have it than provide incentives that will promote property development...(more)

Pagcor has lost tax exemption: DOF

BY DENNIS GADIL

The finance department is not cutting the Philippine Amusement and Gaming Corp. (Pagcor) some slack, saying the agency should pay government P6.8 billion in back taxes...(more)

DOF pushes payment of fees thru banks, Internet

BY DENNIS GADIL

The Department of Finance (DOF) is recommending to Malacanang the payment via Internet and accredited banks of fees and charges collected by government agencies in order to eliminate graft and corruption and, as a result, boost national revenues...(more)

Think-tank cautions RP vs 2nd pump priming

BY DENNIS GADIL

A leading US economic think tank has warned the government against introducing a new stimulus plan next year in a bid to speed up recovery, saying it could backfire and lead to huge budget shortfalls...(more)

Demand for RTBs seen to reach P100B

BY DENNIS GADIL

The government raised P25 billion in fresh borrowings yesterday after floating three, five and seven-year tenors of retail treasury bonds (RTBs) with the three-year retail debt paper fetching a yield of 5.25 percent...(more)

EC backs uniform sin tax

BY DENNIS GADIL

Smuggling of imported distilled spirits is expected to drop by half if a single uniform sin tax regime is passed by Congress, representatives of the European Chamber of Commerce (ECC) and of the European Commission told a House panel recently...(more)

Solons block P4.5B ODA for Pasig dredging

BY DENNIS GADIL

Congressmen are blocking a P4.5-billion official development assistance (ODA) from Belgium for the clean up of the biologically dead Pasig River, saying the amount is too big to be spent solely for dredging...(more)

Gov’t to seek $1.23B ODA loans next year

BY DENNIS GADIL

The government expects to avail more official development assistance (ODA) loans from multilateral lending agencies next year, ramping borrowings up by 5.1 percent to $1.23 billion from $1.17 billion this year, the Department of Finance (DOF) said...(more)

Income tax collection seen to grow 10% next year

BY DENNIS GADIL

The government is raising the Bureau of Internal Revenue’s (BIR) income tax collection goal next year by 10.4 percent or P49.03 billion to P519.37 billion from P470.34 billion in 2009, according to the Department of Finance (DOF)...(more)

DBP to hire ‘green’ consultant for P42M

BY DENNIS GADIL

How much does it cost to have someone tell you how to make your building environment-friendly?... (more)

Gov’t to issue P25B in retail bonds

BY DENNIS GADIL

After keeping small and big investors guessing for several months, the government yesterday finally said it is issuing at least P25 billion worth of retail treasury bonds (RTBs) on September 15... (more)

Solons push for higher capital outlay

Budget framers in the House yesterday sought a higher capital outlay in next year’s proposed national budget of P1.541 trillion to finance more pump priming projects... (more) -Dennis Gadil

P125.2B lost to tax erosion in 7 months

BY DENNIS GADIL

About P125.2 billion in potential tax revenues was lost in the first seven months due to several revenue-eroding measures approved by Congress, a senior finance official recently said... (more)